Bryan M. Lee Sells 1,798 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CFO Bryan M. Lee sold 1,798 shares of Five9 stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the transaction, the chief financial officer now owns 126,468 shares of the company’s stock, valued at approximately $3,576,515.04. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $29.15 on Friday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -145.74, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $49.90. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average of $25.42 and a 200 day moving average of $33.82.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Five9’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, sell-side analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five9

Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC raised its stake in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after buying an additional 520 shares in the last quarter. Banque Transatlantique SA purchased a new position in Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. purchased a new position in Five9 in the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC grew its holdings in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Five9 by 419.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock worth $61,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FIVN. KeyCorp began coverage on Five9 in a research report on Friday. They issued an “overweight” rating and a $35.00 price target for the company. Evercore ISI decreased their price objective on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Mizuho decreased their price objective on shares of Five9 from $55.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Morgan Stanley decreased their price objective on shares of Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group decreased their price objective on shares of Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.15.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.